Further down the value chain, the distribution model will also change because of lower maintenance needs, growth in digital channels, and new customer segments. We are taking action to ensure we have a positive impact on our people, clients, communities and the environment. An overview of the recent trends and advancements with respect to ESG (Environmental, Social, and Governance) factors in the automotive industry. Despite the magnitude of climate-related risks facing the automotive sector, there are few opportunities to support carbon transition through green bond investments. 9784544840. Though cars remain well entrenched in modern lifestyles, in more recent years the automotive industry has been the subject, rather than catalyst, of change. The detail analysis of automobile industry supply chain with respect to. 1. To even the playing field between EVs and internal combustion engine vehicles (ICEVs), battery costs must fall to $75 per kilowatt hour. While the industrys environmental impact has long been a challenge, social and governance factors are now coming to the fore, particularly as connected, autonomous, shared, and electric (CASE) megatrends transform the industry. Report Scope: The report will provide an overview about the global automobile industry through ESG perspective. Electrification is the most visible and widespread of all ESG trends in the automotive sector. It is essential reading to identify trends and track competitor activity and innovation in the ESG theme. In addition, American car buyers remain loyal to sport utilities vehicles (SUVs), which consume about 25% more energy than medium-sized cars. Whyte's Automotive Inc. Auto Repair & Service. The Frankfurt roundtable focused on the automotive sector for three main reasons: Following the diesel scandal, and in light of structural changes that the sector is undergoing to boost penetration rates of low-emission vehicles, this industry lends itself as a good practical example of the interplay of ESG factors on corporate credit risk. Website. I agree to the above terms & conditions and wish to continue. In Germany and Italy, the ManCo is operating under a branch passport pursuant to the Undertakings for Collective Investment in Transferable Securities Directive (2009/65/EC) and the Alternative Investment Fund Managers Directive (2011/61/EU). Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Find out how the CEO of Rolls-Royce Power Systems AG, Andreas Schell, has made sustainability a core pillar of their business strategy and how they're reshap. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. Traditional consumer preference also remains entrenched63% of US survey respondents would rather own their own vehicles than rideshare, even if the latter were free.11, However, as large citieswhich occupy just 2% of the worlds land mass but produce 70% of the worlds carbon emissions12come under pressure to address climate issues, urban policymakers and planners will need to critically examine shared mobility practices. December 8, 2022. Information contained herein is believed to be accurate, but cannot be guaranteed. 2.1 Overview . 5. The BlueBay group entities noted above are collectively referred to as BlueBay within this document. This thematic research report takes an in-depth look at the impact of environmental, social, and governance (ESG) factors on the automotive industry. BMW, Daimler and Ford are the leaders in social theme in automotive sector. The evolution of the automotive industry is accelerating as the popularity of electric vehicles spreadsfueled by the desire to cut emissionsand as the promise of self-driving cars moves closer to becoming a reality. We are committed to recruiting and developing talented and diverse individuals at all levels of their careers. Ltd. Co. Reg. The report will provide an overview about the global automobile industry through ESG perspective. We have our own 4. from 8 AM - 9 PM ET. Employees and/or clients of Western Asset may have a position in the securities mentioned. Automotive industry heading towards uniform ESG standards for raw materials. Since then, however, a new set of challenges has emerged, including several major environmentally and socially driven shifts in demand. Western Asset Management Company Pte. NMG has capitalized accrued interests owed to Investissement Qubec, Pallinghurst Bond Limited and Mitsui & Co., Ltd. (the "Holders") under the unsecured convertible notes (the "Notes") issued in connection with the private placement announced by press release dated November 8, 2022. Mark Temme. The detailed analysis of regulation for automobile industry is given in the report. It began a national direct subsidy program for EVs in 2015 and places limits on the registration and usage of ICEVs. Artificial intelligence in Automotive: Radar-camera fusion, Artificial intelligence in Automotive: Radar for vehicle anti-collision, Innovation in Automotive: PV power converter systems, Bosch, BMW, Bridgestone, Continental, Denso, Ford, Honda, Hyundai, Nio, Rivian, Tesla, Valeo, and Volkswagen. Commentators often focus on the E or environmental aspect of ESG when it comes to the auto industry, but are there S or social elements that they should also be aware of? In this piece, we will take an in-depth look at these disruptive changes. supply chain. Within the autos industry, it feels like new challenger brands focused on electric vehicles are taking up significant market share from traditional internal combustion engines. In addition, consolidating passengers through autonomous ridesharing services would not only reduce carbon emissions, but also accelerate the commercial viability of AVs by decreasing the operating cost per mile. Organizations can also comprehend and communicate the opportunities and risks associated with their corporate activities through sustainability reporting. Before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation or needs. In the US, federal tax credits for EVs are being phased out, and the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) are working to weaken fuel economy standards across the country. DUBLIN, Dec. 21, 2022 /PRNewswire/ --The "ESG in the Automobile Industry" report has been added to ResearchAndMarkets.com's offering. We will explore their implications on the automotive workforce and on society, and the governance and strategy required to navigate them. Chapter 1 Introduction1.1 What is ESG Compliance?1.1.1 ESG and the Automobile Industry1.2 Study Goals and Objectives1.3 Scope of Report1.4 Reasons for Doing this Study1.5 Intended Audience1.6 Information Sources1.7 Analyst's Credentials1.8 Custom Research1.9 Related Research Reports, Chapter 2 Automobile Industry Overview2.1 Overview2.1.1 Automotive Industry Trends2.1.2 Automotive Supply Chain Challenges2.1.3 Sustainable Value Chain2.1.4 Impact of the Covid-19 Pandemic, Chapter 3 ESG for the Automobile Industry3.1 Overview3.1.1 Increasing Adoption of ESG3.1.2 Five Critical ESG Propositions3.1.3 Automobile Industry Approach Toward the ESG Compliance, Chapter 4 Automobile Industry and the Planet4.1 Environmental Concerns4.1.1 Reducing Carbon Footprints4.1.2 Recommendations for Meeting Environmental Compliance, Chapter 5 Automobile Industry and the Social Component5.1 Social Components in ESG5.1.1 Human Capital: a High ESG Risk5.1.2 Meeting the Social Compliance Component in the ESG, Chapter 6 Automobile Industry and Governance6.1 Value of ESG Data6.1.1 Need for Greater Corporate Transparency, Chapter 7 ESG Analysis of the Automobile Industry7.1 ESG Analysis7.1.1 Life Cycle Emissions7.1.2 Computing Scope 3 Emissions7.1.3 ESG Investments7.1.4 ESG Opportunities7.1.5 ESG and Data Visualization Tools, Chapter 8 Steps Toward ESG Sustainability8.1 Investment in EV Production and Battery Capacities8.2 Mandatory Emission Targets8.3 ESG Recommendations8.3.1 Improve Existing Portfolio and Focus on Core Competencies8.3.2 Assess Technology Acquisition Strategies8.3.3 Evolve An Innovation Strategy8.3.4 Develop Innovation Networks and Collaborative Communities8.3.5 Manage the Risk of Your Network Partners8.3.6 Agree on Industry Standards8.3.7 Communicate Your Success and Achievements to the Public8.4 Future Considerations for ESG Policies, For more information about this report visit https://www.researchandmarkets.com/r/uftd19, Research and MarketsLaura Wood, Senior Manager[emailprotected], For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900, U.S. Fax: 646-607-1904Fax (outside U.S.): +353-1-481-1716, Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg, Cision Distribution 888-776-0942 An ESG Perspective on the Automotive Industry. In 2021, the global automotive aftermarket market was valued at USD 408.5 billion. Personal and transaction information are kept safe from unauthorised use. 03925319. This publication is for informational purposes only and reflects the current opinions of Western Asset. This thematic research report takes an in-depth look at the impact of environmental, social, and governance (ESG) factors on the automotive industry. Governance challenges: The automotive industrys most relevant governance challenges concern corporate structure, risk management, and ethics. Managing products across regions, already a highly complex task, will become more costly, further compressing automotive profits. In addition, cross-industry cooperation has several benefits, including mutualization of research and development costs that would otherwise have to be fully absorbed by the automaker, and standardization of operating technologies that on their own are not commercially differentiating factors for the end-use customer. Additionally, automakers compete among themselves regarding the speed of and strategy behind their sustainability shifts. 200007692R is a holder of a Capital Markets Services Licence for fund management and regulated by the Monetary Authority of Singapore. The ubiquity of vehicles means that they are seen as significant contributors to the changing climate. ESG Ratings aim to provide an assessment of the long-term resilience of companies to environmental, social, and governance issues. The Prospectus, the Key Investor Information Documents (KIIDs), where applicable, the Articles of Incorporation and any other applicable documents required, such as the Annual or Semi-Annual Reports, may be obtained free of charge from the Representative in Switzerland. One leader in this area is General Motors, where 25% of the board has technology experience, senior leadership includes a female CEO and CFO, and half of the workforce are women. Identify and get ahead on the emerging trends in ESG specific to the industry and how these developments might advance in the future. In addition to the ESG risks explored in this piece, the automotive industry must contend with ongoing uncertainty around trade negotiations between the US, Mexico, China, and Europe (Brexit), managing costly and complex global re-structuring programs in the midst of a more challenging production environment, and maintaining healthy balance sheets and liquidity buffers ahead of an inevitable turn in the cycle. 2.1.4 Impact of the Covid-19 . The ESG Industry Materiality Map is a direct reflection of key features of the MSCI ESG Ratings model, which is: DYNAMIC. China, where EVs have the highest adoption rate in the world at 7%, has been most proactive. This report shows how the theme can both serve to challenge but also differentiate brands in the face of the long-term industry threats in the automotive sector. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. In addition to the ESG risks explored in this piece, the automotive industry must contend with ongoing uncertainty around trade negotiations between the US, Mexico, China, and Europe (Brexit), managing costly and complex global re-structuring programs in the midst of a more challenging production environment, and maintaining healthy balance . This outcome is predicated on a material increase in plug-in hybrid electric vehicle (PHEV) production and sales in 2020, some new EV launches, as well as more mild-hybrids (ICEV with EV functionality to switch off engine when braking/stopping and then restart quickly), which benefit from a more lenient treatment by the EU.
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